Charity registered number 1041888
The Reverend T A Turney Charity for the maintenance of the Ministry of the Methodist Church
Unaudited accounts
for the year ended 31 August 2024
The Reverend T A Turney Charity for the maintenance of the Ministry of the Methodist Church
Contents
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| Report of the trustees | 1 - 2 |
| Independent examiner's report | 3 |
| Receipts and payments account | 4 |
| Statement of assets and liabilities | 5 |
The Reverend T A Turney Charity for the maintenance of the Ministry of the Methodist Church
Report of the trustees
The trustees present their report along with the financial statements of the charity for the year ended 31 August 2024 and confirm they comply with the requirements of the Charities Act 2011 and the charity's constitution.
The charity is registered with the Charity Commission under number 1041888.
Legal and administrative information
The trustees who served during the year are stated below:
John Nunn Rev Nick Sissons The Church Council of St John's
Principal office
Ty Hebog Llangoed Beaumaris Ynys Mon LL58 8SA
Structure, governance and management
The charity was established by a constitution adopted on 21 April 1994.
Objectives and activities
The advancement of the religious or charitable work of the Methodist Church and in particular the support of Methodist ministers.
The charity achieves its objectives by maintaining the property of the charity, making donations to charitable causes and the Methodist Church in Bangor and Holyhead.
Page 1
Achievements and performance
The charity made donations of £14,844 (2023 £2,250) to deserving causes both at home and abroad and contributed £3,000 (2023 £6,000) towards the work of the Methodist Church in Bangor and Holyhead.
Financial review
The charity's income increased by £5,948 compared with the previous year and the charity responded by increasing its donations. Net payments for the year were £6,995 (2023 £15,175 and cash reserves at the year end were at £42,373 (2023 £35,378). The trustees consider these reserves are adequate to meet their primary obligation of maintaining the property of the charity.
This report was approved by the trustees on 18 March 2025 and signed on their behalf by
John Nunn Trustee
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Independent Examiner's Report The Reverend T A Turney Charity for the maintenance of the Ministry of the Methodist Church
I report on the accounts of the charity for the year ended 31 August 2024 set out on pages 4 to 5.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act 2011,
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follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011 and
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state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the accounts.
Independent examiner's report
In the course of my examination no matter has come to my attention:
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1 which gives me reasonable cause to believe that, in any material respect, the trustees have not met the requirements to ensure:
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proper accounting records are kept in accordance with section 130 of the Charities Act 2011 and
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Charities Act 2011 or
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2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr N A Christian FCPA
Christian Phipps & Company Suite 5A, 30 Dean Street
Bangor Gwynedd LL57 1UR
Dated: 18 March 2025
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The Reverend T A Turney Charity for the maintenance of the Ministry of the Methodist Church
Receipts and payments account for the year ended 31 August 2024
| Receipts Bank interest Dividends Rent Insurance claim Total receipts Payments Property management charges Repairs and maintenance Premises insurance Accountancy fees Investment manager's charges Donations Bangor and Holyhead Methodist Church Total payments Net payments for the year Cash funds at 31 August 2023 Cash funds at 31 August 2024 |
£ £ 17,723 11,042 4,680 - 33,445 594 5,470 305 240 1,997 14,844 3,000 26,450 6,995 35,378 42,373 2024 |
£ £ 10,633 11,260 4,500 1,104 27,497 523 1,247 259 - 2,043 2,250 6,000 12,322 15,175 20,203 35,378 2023 |
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The Reverend T A Turney Charity for the maintenance of the Ministry of the Methodist Church
Statement of assets and liabilities as at 31 August 2024
| Cash funds Cash at bank Investment assets Equity investments (at valuation) Investment property (at valuation) |
2024 £ 42,373 42,373 728,972 45,000 773,972 |
2023 £ 35,378 35,378 716,905 1 716,906 |
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…............................................................................... Signed by John Nunn on behalf of all the trustees
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